Control Risks News

Hiscox Offers New Security Product for Ships Seized by Nation States

Specialist insurer Hiscox has developed a new security product designed to help protect shipping targeted by nation states. Called “Malicious Vessel Seizure,” the will respond to a single peril of a ship taken by a foreign government, providing loss of …

Control Risks Names Cahill Director of Product Risks in Texas

Control Risks in partnership with the Hiscox Group has named product recall specialist Dan Cahill director of product risks. Cahill will be based out of Control Risks’ Houston, Texas office. He was formerly with WorldAware and RQA. He has more …

Extreme Rainfall Could Cost South Asian Cities Up to $215B Annually by 2030

As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement. From Afghanistan in the west to Bangladesh in the east, floods could cost South Asia — home to a …

Hiscox Launches Security Incident Response Policy for Crisis Support

Specialist global insurer Hiscox has launched a Security Incident Response (SIR) policy designed to provide clients with crisis management services. “SIR will enable organizations to fulfil their duty of care obligations to protect people, operations, shareholder value and long-term brand …

Hiscox Adds Property Damage Protection to Terrorism Insurance Product

Hiscox has enhanced its stand-alone terrorism portfolio by adding new products covering property damage from malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies offer coverage of up to $25 million for blast damage, decontamination and …

Hiscox London Market Launches Stand-Alone Threat Product

Specialist global insurer Hiscox has launched a stand-alone Threat product designed to protect businesses against the loss of revenue suffered as a result of a threat or hoax. The Hiscox Threat policy provides non-physical damage business interruption (BI) cover as …